Thursday, 8 October 2026
Corwin has secured financing from Raiffeisenbank for its Dvory Vysočany development in Prague, as sales in the first residential phase reach 40%. The project is one of the developer’s largest investments in the Czech capital and is planned to deliver more than 1,200 apartments when all stages are completed.
The initial phase comprises 229 apartments, putting the number sold at approximately 90 based on the reported sales percentage. Marketing began at the start of 2026, and Corwin says the development has now reached the pre-sale threshold required for the first stage. The developer has not disclosed the value, maturity or other financial terms of the facility agreed with Raiffeisenbank.
Dvory Vysočany is being developed across more than five hectares as a new mixed-use neighbourhood rather than a standalone residential complex. Alongside housing, the masterplan includes retail and office premises, a kindergarten, pharmacy, landscaped courtyards, streets and a public square.
The urban plan has been developed with the involvement of Jan Gehl and David Sim, with an emphasis on pedestrian-oriented public areas and connections between the development and the surrounding Vysočany district. Corwin is also incorporating landscaping and building design intended to reduce overheating within the development’s courtyards during warmer periods.
The first phase offers a range of apartment configurations, including loft-style homes with ceiling heights of up to 4.7 metres. Corwin says buyers to date represent different age groups, although the company has not released a detailed breakdown of purchasers or the proportion buying homes for their own occupation compared with investment.
Securing bank financing alongside reaching the initial sales threshold represents an important development milestone for the scheme. Corwin CFO Róbert Mitterpach said the financing supports the company’s chosen development strategy, while the group has identified Prague as an important market for its future expansion.
With more than 1,200 homes planned across the entire site, Dvory Vysočany will substantially increase Corwin’s exposure to the Czech residential market as later phases proceed. The next indicators of the project’s progress will be the pace of construction and sales beyond the first stage as the developer builds out the wider five-hectare neighbourhood.
